DAILY STEEL SCRAP: Deep-sea scrap prices hit nearly 7-year highs

December 12, 2020 / www.metalbulletin.com / Article Link

Turkish deep-sea scrap import prices have continued to climb, reaching highs not seen since early January 2014, on the fresh European cargoes sold at the end of the week, sources said on Friday December 11.

A steel mill in the Marmara region booked a European cargo - comprising 15,000 tonnes of a 75:25 mix of No1 and No2 heavy melting scrap, 7,500 tonnes of a mixture of HMS 1 and plate and structural (P&S), 5,000 tonnes of shredded, 5,000 tonnes of new cuttings and 5,000 tonnes of cut beams - at an average price of $400 per tonne cfr.

Another steel mill in northern Turkey booked a European cargo from the same...

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